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Ex-PBOC Adviser Says Raising Rates Unlikely, Securities Reports

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Aug. 23 (Bloomberg) -- Former Chinese central bank adviser Li Yang said the trend for a slowing of the nation’s economy has already formed so that increases in interest rates and reserve ratio requirements for banks are unlikely, the China Securities Journal reported today.

A lowering of the reserve ratio is likely, Li was cited as saying.

Link to Company News:{PBCZ CH <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net